By Krishna K — Nov 30 - 05:00 PM
USD/JPY poised to close 0.45% Thursday as Powell tempers Fed rate outlook
Powell says Fed could scale back rate hikes in December nL1N32Q2D1
Traders cut bets on Fed peak rate, UST yields pull back; 10-year down 14 bps
USD falls from 139.89 day high to 137.67, stabilizes above Monday 137.50 low
Focus turns to US PCE, claims & ISM manufacturing Thu, jobs data Friday
Below 137.50 opens ratchet to 136.19, Aug 26 low; resistance 138.50, 139.00
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Source:
Refinitiv IFR Research/Market Commentary